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Enterprising Investor

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Re: insomniac post# 196

Wednesday, 08/26/2015 1:35:01 PM

Wednesday, August 26, 2015 1:35:01 PM

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Scottish Re working with Sandler O’Neill on sale (8/24/15)

Cerberus Capital Management and MassMutual Capital Partners have appointed Sandler O'Neill as they again look to exit their stake in beleaguered life reinsurer Scottish Re, The Insurance Insider can reveal.

A handful of parties are said to be involved in the bidding process for the Bermuda-based reinsurance company, which has struggled to recover financially since being rescued in 2007 by Cerberus and MassMutual Capital Partners - the strategic investment arm of insurer MassMutual Financial Group.

http://www.insuranceinsider.com/-1256396/11

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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